We could get rid of the nickel as well, without a lot of problems. The dime I would probably keep, as the new penny, phasing it out the next time inflation spikes. Which, since we are keeping interest rates at an extremely low rate for an extended period of time, and printing a lot of money to cover government obligations in the western world, should be along shortly.

]]>By: Bryanhttp://www.macleans.ca/economy/business/so-long-penny-and-why-dont-you-take-the-nickel-and-the-dime-with-you-too/#comment-1062123
Mon, 04 Feb 2013 15:07:00 +0000http://www2.macleans.ca/?p=336991#comment-1062123RGC_11, as long as the rounding occurs on the total transaction and not on each individual item, the actual inflationary effect will be net zero. not to mention, your 2.5% would be assuming everything is being sold for a dollar… it’s a useless coin and should be eliminated.
]]>By: StewartSmithhttp://www.macleans.ca/economy/business/so-long-penny-and-why-dont-you-take-the-nickel-and-the-dime-with-you-too/#comment-1062121
Mon, 04 Feb 2013 14:58:00 +0000http://www2.macleans.ca/?p=336991#comment-1062121Everything in the dollar store yes (well except stuff in the dollar store that costs more than a dollar, which is quite a lot of the stuff).
]]>By: RGC_11http://www.macleans.ca/economy/business/so-long-penny-and-why-dont-you-take-the-nickel-and-the-dime-with-you-too/#comment-1062119
Mon, 04 Feb 2013 14:28:00 +0000http://www2.macleans.ca/?p=336991#comment-1062119Let me see now, if everyone rounds up after a disappearing nickel, then the inflation rate would automatically rise by 2.5%?????
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